Greece: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Greece

The Greek hydraulic jack market shrank remarkably to $X in 2022, waning by -15.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Greece

Hydraulic jack exports from Greece contracted notably to X units in 2022, waning by -40% compared with 2021. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of 189% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped sharply in the following year.

In value terms, hydraulic jack exports declined markedly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 808%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X units), Italy (X units) and the Netherlands (X units) were the main destinations of hydraulic jack exports from Greece, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +68.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Cyprus ($X) and the UK ($X) constituted the largest markets for hydraulic jack exported from Greece worldwide, with a combined 50% share of total exports. Germany, the Netherlands and Singapore lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Germany, with a CAGR of +58.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, falling by -26.1% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 248% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+1,131.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Greece

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were imported into Greece; which is down by -19.3% against 2021. Over the period under review, imports, however, recorded strong growth. The growth pace was the most rapid in 2019 with an increase of 204%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, hydraulic jack imports declined to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 141%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic jack to Greece, with a 61% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.3% per year) and Italy (+15.5% per year).

In value terms, the largest hydraulic jack suppliers to Greece were China ($X), Italy ($X) and Germany ($X), together accounting for 66% of total imports. Poland, the Netherlands, the United Arab Emirates and Austria lagged somewhat behind, together accounting for a further 11%.

The United Arab Emirates, with a CAGR of +40.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydraulic jack import price amounted to $X per unit, growing by 11% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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